Keeping Your Personal Credit and Personal Debt Real Simple

Keeping Your Personal Credit and Personal Debt Real Simple

Managing your credit and debt is the foundation to your financial success. No matter what the circumstances are, there is light at the end of the tunnel.

Keeping Your Personal Credit Simple

Example: A client of ours is a business owner who wanted to fine tune his credit for a small business loan. He is a good candidate for an SBA 7a loan because of his good credit scores and a low debt service ratio. If he had lower credit scores and more debt, he wouldn’t be able to qualify for a small business loan.

  • Maintain your credit scores in good standing
  • Pay your bills on time
  • Avoid collections and charge offs
  • Check your credit by ordering a three merge credit report with Equifax or Experian or MyFICO, you will not be penalized for a credit inquiry
  • Keep your credit card balances and lines of credit low
  • Contact us for a free thorough credit consultation

Keeping Your Personal Debt Simple

Example: A client participated in a bad investment, he lost his savings and there is no reclamation for his bad investment.  As a result, he incurred more debt by maxing out his credit card limits and depleting his savings. So now what? Our client secured payment reductions and a few debt settlements with his current creditors in order to rebuild his credit and savings.

  • The greater the debt, the greater the problem.
  • Utilize “the need to have than the nice to have” rule
  • If can’t afford it, don’t buy it
  • Keep your credit card balances lower than 30% of the available limit
  • Stay out of “debt row”. “Debt row is when you maxed out your credit card limits and lines of credit and later decide which one you will be able to pay for the month or the month after.
  • Use a budget calculator, it’s free.

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For more information on how we can fix your personal credit and solve your personal debt locally in North Palm Beach FL, Palm Beach Gardens FL and Palm Beach FL, please fill out the online contact form about your concerns or give us a call at 855.477.9007  . Read what our valued clients have to say about First Pro Capital on our Testimonials page.

~ Allow our team of professionals to assist you!

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